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<br /> -� . . 91-- 102380
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<br /> �'� co.c.nw,e�on or ort�c�r��11 0�flx�d by ti� �oard ot �ta�n+acracor. �u,d.n.n b. r.��or+.e�• -------
<br /> ,,� •,�:� on.o•n..eian oan.iar+�+s cn. aut+•. or cn.ottiu. MY�1M�t�alw'wlw 1� �lw�n of1/u��il e�ot
<br /> � ,�'�,P :�,► " n.w . voe. 1n tn. ..scr�of on.n.n..t�m ror eM atftc.or wt�a.. h.la er •a�e AatMser•tor.
<br /> •� • .� S ; •`�• : LGt1m �� A�r�et�fy-C�IC['lO�i�.ji�i4�
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<br /> ..�� .�. � A11 a�r�wfits, elrck�. contr�ets vx!other 1n�l�uMnt• �hall b��i�d bY tao offlana of tl�
<br /> - -�.y',�`;;i�''- . A��OO/atlon or Cr �YOI� otlMr P�r�on Or �r�efrw oo �aY b� d�sipmtW oY Lh� ba�q of A�I/fl{�t�itoM. �- __ _---�.,—,-,.---
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<br /> �,'- . ';� �' • � ' ANTIC4E V. �I�QBT AND AffBSfN6MT1.
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<br /> '-" "�+�� Tfw Awrd of MIwiM�tr�tor� �11 wdapt • budy�C for Mch tisoat YNr. b�91hn1np m M�Y t�t --
<br /> _-— '.`•:.,� �'`.�• u►tl�nd1n0 on th�n�K!ApNI 90Eh, which MN�I l lnoludo llt���tlwl�t�ot ftNwa tpuirW to 011Tr�Y c�� --
<br />�----- .' �Kp�np� In tM oawln0 �Iswl yur and to pra�id� fund� tor eurr�nt �xp�rtan. e�a�rwf �o� �t��rv�d -_ -
<br /> =�- • raint�nanc�. r�qrvn for r�plac�nts. snd r�s��vn to prov�d���kir+a funtl 4r to w! +u►Nal�►at�d �
<br /> "�` Tosw�� �h0 we1+ ��� as nNdW to �aM� uP any d�fiait in th� eorwe �MDK� +►�Mw�t� tor Prior a, .�-
<br /> �`w�. , ' .,'', � eapi�s ot M Ducfq�t�e►d th���nMMi �*wf�ot� To�NGh w t� sA�71 b� rnt orSNeh wft� oMrMr on
<br />_� �y or O�tor� tM IM�Y t�t b�Yinnin� or u� riaca� r�� !or whicA tM pudl�t 1� Md�. R------°_`
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<br /> :;,ti_.. WdY�ts*+►x 4� �d duri�g� cur���t ��qca) 9N�r Mlw�n rnussa�r. Dut eoP1��o*th� wMe►d�d
<br />-`n„". OWl�!�d ProDO�O 9nCr'NM or tMe�MN if1 �sNSSrwnts shI11A b� �i1W LO Meh wit� ar�r PrSO1' to
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<br />_-14.':: " Lh��f��etiw d�t� ot sucn �ecr�aM Ot WGtMN. --��--
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<br /> � ,. . bctian 2. _�p[!Y!1 AfMSwr�t�.
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<br /> � ,• Th� fir�t annwl a�N���ni sh�'11 b� UW�tl aQ+�imt �ach su1N anA tlw oMn�� tl�r�of on M!y ��. .�•�--
<br /> � ..' � , 1. 1Y�� or Il�y 1 of tM r�xC tise�� de�� aft�r r�linquishr�nt of conYral ot Ch� Assoaiation bY
<br /> , �!' Th� annwl�sa�ss�e+t t�hia71 W tli W eNd a� �wnly into tw�lv� �,�`�'�':
<br /> , . •,, • • •,�.> O�v�lop�r. MhicMv�r �hall last oceur.
<br /> �' 'r,_�,,�!?!►y+� (t21 wonthly p�yMnt� w� pos�ibl• wiln th� fi�1t payMnt ta 9nc7utlr tl» rMai�r aft�r divt�ian.
<br /> � '';Ir`v,'}i;��;�-` TM� �thly payMnts �hall b�caw� tlur�nd paBwbl� upon the t�t oT May uW th� 1�t of Nch wofllh _ _---
<br /> . ,.:,..; tM�wfH�during LM fise�l YNr. Annuwl w�arsanmts tor w�ct+ Tise�t Y�a� lMrwft�r�t�a11 b� 1�viW ,�
<br /> . f1a;�;�,'��^ and �hall t»eor� dw �n0 p+�Y�l• in th� �aw� nann�r. Aeu�u�7 ��s��aranta to b� 1�v1�d a9ainst �aeh �-..
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<br /> . ,h .,s �Wt� An0 th� a+n�r tM��ot �11 b� cdPutM Accortlin9 to su�eh wit�'s th�n ot th� tot�l u�ul ��,..�,,,.,,,;'�
<br /> � ,_ � Dudp�t for th� tlscal y��r basW upon th� prr.�ntRp� ot aueh w1t�'s bs�le v�lu� as Mt tortl� in
<br /> " • � Pa�aqr�pA IV ot tM Mnst�� DMd.
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<br /> .�, ,�y �4 `� B�uuw inwranu. rypsir �ntl �ainHn�nea �nd oth�r tlir�at cwt� •n Cnl�r9�abi� Eo tiwi --- -
<br /> �',i!,-'���' I;��'•1`i�';;t'�ny'';�+"` eaI1d0111i011w NhiGh D�Mtil�fr0111 tFIM1� xh�sYit�m in e79thlP�nt COfIQOI�iniYNS MY f10t hllV�MWl YOIMI!/ �----
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<br /> ..:':j'. ,.�/}r� . ., Unlil N�Y 1. 198�, or unl11 tl+r fir�t 1wY of�rmual ��s��sr�nt� �ccordSng to S�ction 2 of i , Y.
<br /> J1�J'^`F�•�.�" Articl� V. �ft�r tM O�wlop�r �hall r�linqui�h control oT t1w A�soei�tion. Ch� �ollowlnp InNNw
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<br /> �•i�7%;`•i5y�'�'� ' 11eM��Mntr �M71 b� du� �nd paY�b7� on tM �1rst day o} ��eh u7�nGar NonCh:
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<br /> • ° ;, . SWt� int�ri� aswssw�nt ¢. .r_=
<br /> .. �� tP�r Month) _ y r...,..��
<br /> xf ..n 1 i40.00 •.�s.,�--•?�--•
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<br /> , , y iB0.00 •�.�
<br /> Th� Mrst int�riw �su�tw�nt �hwll accru�, a� to • purchaqr of a wit� traw D�wlop�r upon `
<br /> ,� • °J' • EM Hr�t tlaY or tM n�xE cA1�nd�r wnth Iollowing tM dat� of closino. Int�H• asM�N�t• �11 L .�=:�"
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<br /> . �.,,�i;,���, b�eaw dua aneJ p�y�bl• upon th� f i rst daY oI ��oh e�l�nd�r eonth. E M.=_`°°
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<br /> ,.r :.; .L� •�� 6�Jt1on �.__.tR�.Cl�M� in IOSl�.1�8A�cs�[1tl, �, ��' ' _ -
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<br /> ,-!��;,.;�'(t �• .}.�l',•:{%;.,'.�n� , Int�H�asqswnta in th� a�ounts shaMn in 8�et5on 3 of A�tiel• V �h�ll not b� fner�l�s�0 nor�
<br /> �r���` tlun fiv� p�runt (5x) CuNng the flrse yaar a1t�r tM filing of th� Ila�t�r ONd, and during ��clf '
<br /> •���'� � �`�� weeNding ywr tMr��}t�r. int�Nn�an�aw�nt!MaY�t b� inCrws�d eon th�n LM Wrunt (10%) �boV� �,,,..�.c�-�•-
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<br /> `����i'r•9�' tM l�v�l of tH� iN»di�t�Yy Pr�e�tlin{) ye�l'. ''�'�r�r•--
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<br /> t'r1•`";r�•�? . $KL��_._8�oi+1�.A�M1F�nts1 �'�`.;'�'.°�=.
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<br /> �: t!�r�' , dp�ei�l a�wssMnts oaY bs aas�awd �nd l�vi�tl �gainst ��ch suit� tn additSOn to tFn annwl j•. . .
<br /> •� or int�rfw asMf�nta provid�d for �DOV�. during any �ss�s�nt yu� fpr tM purpos� ot d�fraying. '
<br /> ����r.���},�,. in whol�or in part, th�cost of anY canstructioh, r�constructlon. in�Orov�oent. r�pwir or r�plac�wnt
<br /> -;'r !� ` •• ot • e�pit�l iwprov�nt of th� co�on •l�nt fncluding flxtur�s wntl p�rsonal prop�rty. subs�et to
<br /> '�';;���', tM owMr �pproval provl�iona of th�Nast�r D��d wnd tMS�By-laNS. Yllwr� no provision i• �pplleabl�. , ,
<br /> �!''�+�% ' tM diur�tlon of tM Board of AOninist�ator� sh�ll eontrol. �
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<br /> •.ct�::,.�;-, gp��S�� af��7gq6nLf shatl W AlM�11d FAVAb1• thirty (30) d�ys aftsr tM bs��aw�nt i� twi�d
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<br /> ��,�,�,;�,+;,;�, against th� own�rs artl notica tMreof riaa �aon c�ivan, and tp�cial assassmants not pald withir► th r y
<br /> :.%�;�y f;'•:•f;...j�;.;', l30) dayr YM��APt�� snall b� tr�wTad sccording to tl» int�r�st �nd li�n nrovisione h�r��ft�r. ; .
<br /> . ':r.�7e, ry����r � r - � -
<br /> ;:: • �+�}1f,`"; , ��f9�g• .EscroM Qt A4�lw1�M�ts:.
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<br /> ;.,1,� �.._�.;.7� Th� lld�linl�trato�f of th A3soc+�t inn nav arrarn;v 2o nww all ass�ssnNnts in 3�et.ion or
<br />. ;`•','�•+, }�� "'?°•r�ir';�;��;;'. 9�CLion S of Arttcl• v vatd to an es�ror fund tO D� Mltl iPtl II��49ftl by a brnk or Mvti�9� and 1o�n
<br /> ' '• �.- •l'��.-}•,,r��.�� �y�oei�tion.
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<br /> :�Y'/��-- - 8wCC10Q 7. P�rAO►1�1 F1Yl�si��n! L �AD•.iyK.
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<br />-.•; i••,�_;'�,y•- ����'j���:.t Eath YU1L� 011MI' Or. i/ mnre tP�t1 C'fif� OMRSI'8� J�711t1y �Rd NV�Pally. 7hi11 W p��tWl�lly
<br /> �;T.:..its` 4��,'{;'•:: li�b1• for tM PaY�nt o1 a�s�sam�nt�t enu�r t� Dr�e�ding 9�etiana. Upon th� •■Q�ratlan o� thfrtY
<br /> �'•� .'.. ii�;�:'l�'� l301 daYS f�o� th� du� d�t• of �n �ys�stNr*t. ir said �sNtsw�nt r�ma+�s unp�itl, tM Asfac+aE+an ��y
<br /> � " � , Drin9 sult �9�1n�t tM a+n�r or owMrs oI +w�U gL�tw for r�eov�ry o� Rn� sarr. I� tM afa�ss�nt te
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<br /> a eonthty fn�t�llM�nt of an �nnw 1 assYfs�n4. th� d�Pault in paywnt ot c�� ��ses t�Mnt �.n�n du��
<br /> . j Mr. at f.n�oDtiO►1 of ths AetWri+tt0�. cauf� tIW rMNti"�+r of tM ��stallMnts df�f �or ttlat annwl
<br /> 1 p��+oe LO 'D�CO�� fAMdi�t�lY '�� J^Y D�Y���• TM tl�faul[inq fuiC� a+n�f shaiT Le �»blo f01' tIN
<br /> f uYlp�*�2Y93�f�MI1L U� IYM�W��hLf. *nt�r�st th�rAOn frO� t�A A�A �1�t• t0 ths �iti Garq �t the h{gIN6t
<br /> �. i � � , i��il fiL�. �nd atLO�My fNf dnQ H+G��`+�8 ��"�^��A •n tnw •:ryi1D�'t+��n G* tnA 3aM. NO proCMtlfnq to
<br /> • colt�et G�aultotl a9�awnt$ L��.rOWfiL to tn*s �xt�an snaii canse,tuLe a wa.ver of tho lc�n af tM
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